Osun State House Of Assembly Passes 2023 Budget
Osun State House of Assembly on Wednesday passed the 2023 budget estimate of N138 billion.
The 2023 budget estimate, tagged; “Budget of Consolidation” by Governor Adegboyega Oyetola was presented through a letter dated September 29th, 2022 to the Assembly totalling N136,265,988.140.
The Parliamentarian had switched into action on the 2023 budget estimate due to its public importance so as to meet with budget circle of a particular fiscal year.
The Budget estimate however was jerked up with 2 billion Naira to accommodate the take off of the newly established University of Ilesa thus making the total of #138,265,988,140.
The Speaker, Hon. Timothy Owoeye at the Wednesday plenary commended the Governor of the state for meeting up with the January-December budget cycle a reality and putting Osun in an enviable state in the country as regards state budgeting.
He noted that the January-December budget cycle was rightly put in place adding that Osun state is the first to do so in the country, “I congratulate my colleagues for being dutiful and upright, anytime from now the Governor can put his signature, thus assenting to the 2023 budget”. Owoeye posited.
The passed budget has Personnel Expenditure at #45,450,655,060, Recurrent Expenditure, #53,755,885,370 while the total recurrent to stand at #99,206,540,430, Capital Expenditure, #39,059,447,710 making the total budget size, #138,265,988,140.
ENDS
